Alfa Mutual General Ins Co
Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2022 and 2023. Fair liquidity (4.6) as cash resources may not be adequate to cover a spike in claims. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.6). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (57.6%), homeowners (35.4%), comm multi (2.1%), farmowners (1.9%), fire (0.2%), other (2.8%)
Licensed in:
AL, GA, MS
Principal Investments:
Investment grade bonds (66.1%), common stock (27.9%), non investment grade bonds (1.8%), cash (0.6%), preferred stock (0.5%), other (3.1%)
Corporate Info
Group Affiliation
Alfa Mutual Group
Investment Rating
--
Company Address
2108 East South Boulevard
Montgomery, AL 36116
Montgomery, AL 36116
Phone Number
(334) 288-3900
NAIC Number
19151
Website
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